Daily Chemical Reaction
On The Road Again – Tire Volume Slowly Pumps Up, Global Butadiene Supply Far From Empty
- Despite improving downstream demand, we maintain a cautious view of Butadiene (BD) markets as new Asia supply arrives – we discuss the pricing strength relative to the US market.
- We discuss two positive 3Q20 corporate updates (AkzoNobel in coatings, and Element Solutions in specialty/electronics materials) and highlight other corporate news (BASF, Fluor, Air Liquide, Kraton, Eni, SI Group, etc.)
- Other items worth note range from comments on China PE and PP price strength post Laura facing headwinds, to recent weakness in Asia naphtha, to keeping a close eye on recent tropical storm developments facing the US.
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